AGL president Bryan Batson wrote in a filing that the company’s rates are competitive with its Southeastern peers and will remain so.
He said the new rates are necessary in part to retain system safety and reliability.
Meanwhile, Georgia Power is expected to file a new rate request this summer that could affect customers of the state’s largest electric company. AGL and Georgia Power are both subsidiaries of Atlanta-based utility giant Southern Company.
AGL last filed for a traditional rate increase in 2010, when the PSC approved a $26.5 million increase, which represented a nearly 10% increase in residential rates, according to the PSC. In 2017, using a more streamlined review, the PSC granted an additional $20.3 million increase, which for residential customers amounted to about a 5% increase.
Last year, rates essentially remained the same but the company provided a total of $16.3 million in bill credits, primarily in July and October, to account for lowered costs due to changes in federal tax law.